One of the effects of globalization is that you can find almost everything in almost every place and that, for example, your location no longer determines your tastes, since we have reached a point where it is seen as normal to demand authentic Mexican guacamole in Teruel or 100% Japanese soy sauce in Almería.
In other words, the processes that previously "pigeonholed" the production of a good to a specific location (proximity to the materials, for example) no longer exist, and this is due, in part, to the fact that today we enjoy a network of easily accessible roads and distribution centres located throughout the country, which facilitates everything related to logistics.
And increasingly, this depends on the changing tastes of the potential client, which directly affects the supply chain , which has been forced to modernise and become a more global , complex and diverse process , but also, necessarily, more agile, efficient and productive.
The biggest driver of this development is technology. The dominance of Big Data , the Internet of Things (IoT) and the cloud has enabled processes that provide manufacturers with full access to their supply chain, giving them much greater detail about its reach and visibility.
Manufacturers thus gain an overview of their supply chain without taiwan phone number having to “track” their functions and no matter where they are located. They can also compare and reconfigure in real time which material, which supplier or which transport options result in the greatest reduction in costs and lead times. In fact, whether it is sourcing, procurement, conversion or collaboration, technology is empowering manufacturers to gain access to information from multiple channels that allows them to make informed business decisions at the right time and throughout the entire supply chain.
This trend offers a number of benefits for manufacturers, which have been seen in some of the world's largest companies. For example, consumer goods manufacturer P&G will reduce its costs by more than $1.2 billion per year by improving visibility across its supply chain with end-to-end synchronization and integration.
Decathlon also reportedly saw an 11 percent increase in sales in 2014 thanks to the implementation of another technological tool that helped the company speed up inventory management, a vital and time-consuming component of the manufacturing supply chain.
So, you know, modernize your supply chain and you won't regret it.